Miami's Mercy Hospital abandons plans for luxury condos

Five months after the project was rejected by the courts, Miami-based Mercy Hospital has officially given up plans to turn a portion of its campus into a three-tower condo project serving the uber-rich. Though approved by Miami City Hall, the condos had been struck down by two court decisions earlier this year. The condos were touted by Mercy as a way to raise millions toward Mercy's capital-improvements plans, and both court decisions were being appealed. "We felt that the most appropriate step for Mercy Hospital was to reengage the land as part of the hospital's long-term strategic plan," said a statement released by Mercy President and CEO John Johnson.

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